PSA sees positive impact on accounts from IFRS

Newswire

PARIS, Jan 24 (Reuters) - The switch to International Financial Reporting Standards (IFRS) should have a positive impact on the accounts of PSA Peugeot Citroen , its finance director said on Monday, without quantifying the effect. French firms switch to IFRS from French accounting standards this year but are expected to publish their 2004 results retroactively under both methods to aid the transition. "Generally speaking, all the points are positive for us: operating margin, the net ...

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